NYSE:PBT

Stock Analysis Report

Permian Basin Royalty Trust

Executive Summary

Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States.

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Share Price & News

How has Permian Basin Royalty Trust's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-11.2%

PBT

0.8%

US Oil and Gas

2.3%

US Market


1 Year Return

-47.0%

PBT

-22.2%

US Oil and Gas

5.6%

US Market

Return vs Industry: PBT underperformed the US Oil and Gas industry which returned -22.2% over the past year.

Return vs Market: PBT underperformed the US Market which returned 5.6% over the past year.


Shareholder returns

PBTIndustryMarket
7 Day-11.2%0.8%2.3%
30 Day-20.3%-7.9%-1.0%
90 Day-24.4%-8.3%-0.7%
1 Year-42.8%-47.0%-19.3%-22.2%7.9%5.6%
3 Year-30.9%-44.5%-8.2%-16.4%45.6%36.3%
5 Year-54.8%-67.2%-23.7%-34.3%65.8%47.6%

Price Volatility Vs. Market

How volatile is Permian Basin Royalty Trust's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Permian Basin Royalty Trust undervalued compared to its fair value and its price relative to the market?

38.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: PBT ($4.05) is trading below our estimate of fair value ($6.57)

Significantly Undervalued: PBT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PBT is good value based on its PE Ratio (8.2x) compared to the Oil and Gas industry average (9.8x).

PE vs Market: PBT is good value based on its PE Ratio (8.2x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate PBT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PBT is overvalued based on its PB Ratio (421x) compared to the US Oil and Gas industry average (0.9x).

Future Growth

How is Permian Basin Royalty Trust forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

15.1%

Forecasted Energy industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Permian Basin Royalty Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Permian Basin Royalty Trust performed over the past 5 years?

-9.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PBT's earnings have declined by -9.3% per year over the past 5 years.

Accelerating Growth: PBT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PBT had negative earnings growth (-22.2%) over the past year, making it difficult to compare to the Oil and Gas industry average (22.6%).


Return on Equity

High ROE: PBT's Return on Equity (5125.7%) is considered outstanding.


Return on Assets

ROA vs Industry: PBT has a higher Return on Assets than the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: PBT's Return on Capital Employed has declined over the past 3 years.

Financial Health

How is Permian Basin Royalty Trust's financial position?


Financial Position Analysis

Short Term Liabilities: PBT's short term assets ($2.9M) exceeds its short term liabilities ($1.9M)

Long Term Liabilities: PBT's short term assets (2.9M) exceeds its long term liabilities (1.1M)


Debt to Equity History and Analysis

Debt Level: PBT is debt free.

Reducing Debt: PBT has not had any debt for past 5 years.

Debt Coverage: PBT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PBT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: PBT has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if PBT's debt is covered by short term assets.

Dividend

What is Permian Basin Royalty Trust's current dividend yield, its reliability and sustainability?

11.59%

Current Dividend Yield


Dividend Yield vs Market

company11.6%marketbottom25%1.5%markettop25%3.8%industryaverage4.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PBT's dividend (11.59%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: PBT's dividend (11.59%) is in the top 25% of dividend payers in the US market (3.76%)

Stable Dividend: PBT's dividends per share have been stable in the past 10 years.

Growing Dividend: PBT's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (100.2%), PBT's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

What is the CEO of Permian Basin Royalty Trust's salary, the management and board of directors tenure and is there insider trading?


CEO

Permian Basin Royalty Trust has no CEO, or we have no data on them.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Ron Hooper

    Senior Vice President of Royalty Trust Management - Southwest Bank

    • Tenure: 0yrs

Board Members

    Company Information

    Permian Basin Royalty Trust's company bio, employee growth, exchange listings and data sources


    Key Information

    • Name: Permian Basin Royalty Trust
    • Ticker: PBT
    • Exchange: NYSE
    • Founded: 1980
    • Industry: Oil and Gas Exploration and Production
    • Sector: Energy
    • Market Cap: US$188.766m
    • Shares outstanding: 46.61m
    • Website: https://www.pbt-permian.com

    Location

    • Permian Basin Royalty Trust
    • 2911 Turtle Creek Boulevard
    • Suite 850
    • Dallas
    • Texas
    • 75219
    • United States

    Listings

    TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
    PBTNYSE (New York Stock Exchange)YesBeneficial Interest UnitsUSUSDOct 1980
    P0BRDB (Deutsche Boerse AG)YesBeneficial Interest UnitsDEEUROct 1980

    Biography

    Permian Basin Royalty Trust, an express trust, holds overriding royalty interests in various oil and gas properties in the United States. The company owns a 75% net overriding royalty interest in the Wadde ...


    Company Analysis and Financial Data Status

    All financial data provided by Standard & Poor's Capital IQ.
    DataLast Updated (UTC time)
    Company Analysis2019/10/16 23:39
    End of Day Share Price2019/10/16 00:00
    Earnings2019/06/30
    Annual Earnings2018/12/31


    Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.